The rise of Neoliberalism
The rise of Neoliberalism
Author(s): Roxana StoenescuSubject(s): Supranational / Global Economy, International relations/trade, Political economy, Rural and urban sociology, Fiscal Politics / Budgeting
Published by: Alma Mater & Universitatea »Babes Bolyai« Cluj - Facultatea de St. Economice si Gestiunea Afacerilor
Keywords: transitional economy; neoliberalism; planned economy; free market economy; financial crisis; democracy deficits; population;
Summary/Abstract: The current economic system with “flexible work” in the age of neoliberalism consists of accelerated production possibilities, flexible market and consumption orientation. It aims to speed up work instruction, increase the division of labor, increase flexibility and support technical achievements. How it comes to neo-liberalism, what impact it has on Western democracies and what effects it has on a post-socialist society like Romania, which had to develop within a short period of time a liberal market and become a mass consumer society will be discussed in more detail below. The main issue of this paper is to raise awareness of Romanian society problems, like the adoption, as far as possible, of the forms of Western work but without having attained the appropriate level of prosperity and living standards which leads to democratic deficits.
Journal: Review of Economic Studies and Research Virgil Madgearu
- Issue Year: XII/2019
- Issue No: 1
- Page Range: 73-96
- Page Count: 24
- Language: English
- Content File-PDF